I'm a 34 year old sales rep with a fiancee (works in hse) and 3 kids under 5. I've built my ltd company bank balance to €150k with gross earnings at 35k and want to start a pension fund. From my enquiries so far (Zurich and Aviva) I understand I can shift 60k as a lump due to my company being around 2 1/2 years old and then 20k annually thereafter. Both advised to be medium risk but there is obviously no guarantees. I have an interest in property investment but am struggling to understand the rules especially when it comes to the tax allowances and overall ownership both initially and upon retirement. Is it possible to build a personal pension fund through my ltd company and buy a property through that with a mortgage with the same tax benefits as an approved pension? I'm eager to plan ahead and am struggling at the thought of leaving my pension out of my control. Any advice would be greatly appreciated as I don't know where to start.
Pension/property through Limited company
- Thread starter Muid87
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